Taiwan’s CSC posts higher operating revenues for May

Monday, 03 July 2023 10:27:01 (GMT+3)   |   Istanbul

Taiwan’s largest steelmaker China Steel Corporation (CSC) has announced that in May this year its carbon steel sales volume totaled 616,666 metric tons, while in the January-May period its carbon steel sales volume amounted to 3.21 million mt.

In May, CSC’s operating revenues amounted to NTD 32.76 billion ($1.05 billion), up by 1.2 percent month on month. In the given month, the company’s operating income totaled NTD 808.5 million ($25.97 million), compared to a NTD 787.77 million income recorded in the previous month.

In the January-May period this year, CSC’s operating revenues amounted to NTD 156.48 billion ($5.03 billion), decreasing by 23.3 percent year on year. In the given period, the company’s operating income totaled NTD 1.57 billion ($50.44 million), compared to a NTD 22.47 billion operating income recorded in the same period last year.

DamlaTükenmez
Damla Tükenmez
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I graduated from the Department of English Language and Literature at Kocaeli University. Since 2020, I have been producing content focused on the steel industry. At SteelOrbis, I write industry news on a wide range of topics, including EU and UK trade measures, regulatory changes, quota utilization, and the statements and views of organizations representing the Turkish steel sector.

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